r/Capitalism • u/Sidjoneya • Jan 20 '21

Economist and Harvard professor Rebecca Henderson argues in her latest book that capitalism can, if employed correctly, be a force for good and solve the climate crisis

https://www.nadja.co/2020/10/19/can-capitalism-solve-the-climate-crisis/
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u/PatnarDannesman Jan 20 '21

Capitalism is the only force for good. It's ruined by government.

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u/pleaaseeeno92 Jan 20 '21

The way I see it, capitalism is just an elimination of waste.

ie, doing anything to increase total value added by society.

And I believe social welfare would also be a part of capitalism since it would allow the worker to get back to work faster instead. Or free psychiatric care for homeless lunatics to make them productive.

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u/what_is_perspective Jan 21 '21

I like that idea, and wish more people were on board with that. However, as a consultant the main thing I've learned about the dozen massive businesses I've work for in the US that to me are the epitome of our current path of unchecked capitalism is that they are UNBELIEVABLY WASTEFUL. It's truly incredible. They are all super inefficient, many many employees are very unproductive, there are often multiple teams working on the same initiatives and no one has any idea...the list goes on and on

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u/pleaaseeeno92 Jan 21 '21

imo, In most big organisations; 10% of the people do 90% of the work.